CELG is nearing the point where you should look to cover your short and go long the stock. The 200 sma is rapidly approaching (60.90) from 62.89, the current price. Go long off the 200 sma, you should get a decent bounce. If not stop out and go short once again below the 200.
GE found support on its 200 sma yesterday and has bounced off. Although getting long any stock is not necessarily the most attractive thing right now, I think GE is worth a shot here. It has consistently come off its 200 sma and risen higher. Get long at 37.60 and stop out about 2 percent lower.
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